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20110304
20110304
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near the level in terms of debt that's going to make us fall off a cliff. japan has just added -- had itself sovereign debt downgraded by two of the three ratings agency. they're still a prosperous country. i value his intelligence and his knowledge, but he's just wrong here. >> that's nice to hear. let me push back a little bit. you're clearly right. the total size of our economy, gdp, will be second to china in a number of years. almost inevitably. but per capita gdp which is perhaps more important, how much wealth is generated for each person? you're right, it will be larger than theirs, that's the good news. aren't we losing the nej terms of capacity to enzo straight and produce so that more -- increasingly wealth creation is traveling to asia? whether it's china, vietnam, even to latin america, whether it's central america or brazil? >> well, they have a high labor -- highly skilled, highly mobile, highly motivated labor force in those countries. they're acquiring a lot of education and human capital. adam smith said that the true wealth of nations was in the intelligence, energy
. this is the part that is coming from japan. it will not take as long, this is the final what were they will strangle the cables through to give it this signature of the bay bridge. it is ahead of schedule. the happy to get this done without any hitches. by the way they have been working on this for years. any problems at de encounter it day know what to do. that is seven and 30 2:00 a.m., >>mark: had bought a pripet. here is a look ahere is a look s lick. pleasantly clear conditions. temperatures are 5-6 degrees warmer than the it were yesterday. this next bout of ride coming. the rest of us will see it on sunday. temperatures this afternoon it, 40's and '50's and 60's, every bay area location will be enjoying the weather. it will be an nice, warm afternoon. we are watching the pacific because this is where the storm is coming on sunday. it could be hurt saturday night. we will mail a letter out monday and tuesday. things will warm up into the 60s. >>george: a couple of hot spots. this time, for the san mateo bridge. in hayward on that i-92 right past the toll plaza. word is that
and japan. these were total wars on the conditions of total defeat. in the age of post em -- imperial empires, they do not bow down. the most extraordinary and bizarre statement ever made in contemporary was rumsfeld shock and awe. we had shock people and from that they will bow down and consent. what makes the new arab revolutions difference -- different is these were from below. with the international or national conditions. here you had the extraordinary pressure on local economies and arab economies, rising commodity prices, rising food prices, which impacted directly on the dire and stance of living. at the same time, you have a hugely young population wired together more than before with rising expectations. an educational system that works and turned out educated people and educated people driving buses. nothing wrong with driving buses, but finding the roles and occupations lower than the expectations that they have. this produces the blow. that seems to be historicically creates greater conditions for the democracy than anything that the britain or america were trying to do i
Search Results 0 to 2 of about 3